I think these are worthy additions to the Watch app, particularly since the Watch itself is so health-focused. The ability to turn on workout mode and then start tracking a workout in the Workouts app (all without touching the phone) seems natural.
UI implementation:
Add a swipe gesture recognizer to page over to the pre-meal/workout buttons. I'll implement this with an animation rather than using the built-in paging system (i.e. keep everything on one interface controller) in order to keep the loop status (current/eventual BG) on-screen at all times. Using a second page avoids clutter on the main page and removes the need to reduce button size / remove labels / etc. as would be required to fit all buttons on the main page.